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Transparency Report 2013-14 V02.Indd

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Transparency Report 2013-14 V02.Indd RI TRANSPARENCY REPORT 2017 Bloomberg L.P. 1 About this report This report is an export of the individual Signatory organisation responses to the PRI Service Provider Reporting Framework during the 2017 reporting period. It shows your responses to mandatory indicators, as well as responses to voluntary indicators that your organisation has agreed to make public. You will be able to access the public RI Transparency report of your organisation and that of other signatories on the PRI website. The information is presented exactly as it was reported. Where an indicator offers a response option that is multiple-choice, all options that were available to the signatory to select are presented in this report. Presenting the information exactly as reported is a result of signatory feedback which suggested the PRI not summarise the information. As a result, the reports can be extensive. However, to help easily locate information, there is an Index which highlights where the information can be found and summarises the indicators that signatories complete and disclose. Understanding the Index The Index summarises the response status for the individual indicators and modules. It can be used by stakeholders as an ‘at a glance’ summary of reported information and to identify particular themes or areas of interest. All indicators within a module are presented below. The status of indicators is shown with the following symbols: Symbol Status The signatory has completed all mandatory parts of this indicator The signatory has completed some parts of this indicator This indicator was not relevant for this signatory - The signatory did not complete any part of this indicator. The signatory has flagged this indicator for internal review Within the table, indicators marked in blue are mandatory to complete. Indicators marked in grey are voluntary to complete. 2 Index Organisational Overview Indicator Short description Status Disclosure OO 01 Basic information Public OO 02 Reporting year Public OO 03 Signatory category and services Public OO 03.3 Signatory category and services Public OO 04 Other offerings/business activities n/a Asset mix OO 05 Breakdown of ESG coverage disclosed in OO 06 OO End - Strategy and Governance Indicator Short description Status Disclosure SG 01 Responsible investment policy Public SG 02 Publically available policies Public SG 03 Norms used to develop policies Public SG 04 Policy offerings to clients Public SG 05 ESG/RI in business offerings Public SG 06 Outsourcing of services Private SG 06.2 Outsourcing of services Private SG 07 Providing training/education Public Level of involvement in collaborative organizations SG 08 Public and/or initiatives SG 09 Applying, advancing and promoting the PRI principles Public SG 10 Actions taken to promote responsible investment Public SG 11 Long term trends Public SG 12 Business certifications/accreditations Public SG 13 Interaction with asset owners Public SG 14 Aligning approach with investor goals Public SG 15 ESG recommendations not aligned with investor goals Public SG 16 Seeking feedback from clients Public SG 17 Managing conflicts of interest Public SG End - 3 Research and Data Provision Indicator Short description Status Disclosure RDP 01 Product type Public RDP 02 Sources for research and/or rating Public RDP 03 Stakeholder input Public RDP 04 ESG factors in research methodology Public RDP 05 Material ESG issues in research and/or rating Public RDP 06 Up-to-date assessment and ratings Public RDP 07 Balanced research and assessment Public RDP 08 Consistency and comparability Public RDP 09 Emerging ESG issues and trends Private RDP 10 Client use of outputs Private RDP End - 4 Bloomberg L.P. Reported Information Public version Organisational Overview PRI disclaimer This document presents information reported directly by signatories. This information has not been audited by the PRI Secretariat or any other party acting on their behalf. While this information is believed to be reliable, no representations or warranties are made as to the accuracy of the information presented, and no responsibility or liability can be accepted for any error or omission. 5 Basic Information OO 01 Mandatory Public Descriptive OO 01.1 Select the location of your organisation’s headquarters. United States OO 01.2 Indicate the number of countries in which you have offices (including your headquarters). 1 2 - 5 6 - 10 11 - 50 >50 OO 01.3 Indicate the regions where you have offices. Africa Asia (excluding Japan & Korea) Australasia Canada Continental Europe Japan & Korea Nordic South America UK & Ireland US Indicate the approximate number of staff in your organisation in full-time equivalents OO 01.4 (FTE). FTE 18800 Reporting Year OO 02 Mandatory Public Descriptive OO 02.1 Indicate the year end date for your reporting year. 31/12/2016 6 Signatory category and services OO 03 Mandatory Public Gateway Indicate which of the following categories reflect your core offering or main business OO 03.1 activity: Reporting Stewardship Services Advisory and Consultancy Research and Data Provision Other, specify (1) Other, specify(2) None of the above OO 03.2 Indicate whether you wish to report on your core business area(s). Yes No OO 03.3 Mandatory Public Gateway Indicate any non-core business activities that your organisation offers. Indicate whether OO 03.3 you wish to report on these business areas. Reporting Stewardship Services Advisory and Consultancy Other, specify (1) Other, specify (2) None of the above 7 Bloomberg L.P. Reported Information Public version Strategy and Governance PRI disclaimer This document presents information reported directly by signatories. This information has not been audited by the PRI Secretariat or any other party acting on their behalf. While this information is believed to be reliable, no representations or warranties are made as to the accuracy of the information presented, and no responsibility or liability can be accepted for any error or omission. 8 Responsible investment policy SG 01 Mandatory Public Gateway Describe how your organisation’s philosophy incorporates environmental, social and SG 01.1 governance factors, and the link to your business offerings. Since 2007, sustainability considerations have been incorporated into Bloomberg’s overall business strategy and an attitude of continuous improvement permeates our strategic approach as our goals evolve to meet changing needs, risks and opportunities. The Sustainable Business and Finance group reports into the Chairman and is tasked with coordinating stakeholders across the organization to develop and execute the sustainability vision spanning all facets of our organization: product, operations, and philanthropy. 1a. Product (Bloomberg Professional service and Industry Verticals): Bloomberg Sustainable Finance constantly assesses customers' needs and availability of relevant sustainability-related information to provide customers with the best tools to incorporate sustainability considerations into decision-making. Bloomberg expands its offerings in the marketplace for sustainability information each year by conducting proprietary research on emerging issues and by engaging and partnering with leading partners in public, private, academic and NGO sectors. Engagement with partners helps Bloomberg advance the integration of ESG considerations into the investment process and to bring those insights into the Bloomberg Professional service (“the Terminal”). As ESG has become a more relevant investment theme, it has also served as a useful entry point into cross-asset class strategy across business lines. Our green bonds work is an example of bringing together Bloomberg New Energy Finance's (BNEF) specialized research with Bloomberg’s longstanding leadership in fixed income data, analytics and news. 1b. Product (Media): Bloomberg Media includes print (e.g. Bloomberg Businessweek), television, radio, Internet and mobile offerings. These assets create a platform for syndicating coverage and analysis of sustainability issues to different constituencies in business, finance, government and others, providing them with critical insights into both pressing issues of the moment as well as deeper coverage on long- term ESG trends. Bloomberg has several dedicated ESG reporters and publications (e.g., Sustainable Finance Brief, Clean Energy Finance Brief). Bloomberg’s unique strength, however, is its commitment to covering these issues so that they are decision-useful to a broad range of influencers. 2. Operations: Bloomberg’s Sustainable Business Operations sets big picture, company-wide targets (e.g., 20% emissions reduction by 2020 vs. 2007 baseline), collaborates with operating departments to set specific emissions reduction targets and develops strategies for achieving targets, with the goal to mitigate environmental impact internally (our operations) and externally (customers, supply chain). 3. Philanthropy: A portion of our sustainability-related philanthropic efforts are focused on supporting leading standards and methodology development for sustainable finance. We support opportunities that allow us to promote financial integration of ESG, develop the market for ESG data and analytics, improve operational efficiencies, drive thought leadership and leverage the expertise of our partners. Organizations that meet our criteria are supported through grants, sponsorships, and memberships. Indicate whether you have policies that formalise the incorporation
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